How Is The Growth Of The Bank Since It Opened?

1.	How Is The Growth Of The Bank Since It Opened?
Answer» Tamilnad Mercantile Bank is putting lot of efforts to extend banking services to the common people of rural areas. Growth of deposit has increased since 1921. It had a deposit base of Rs. 21,010.00 in the year 1921 increased it to Rs. 27 Lakhs during 1946 and to Rs. 182 Lakhs during 1971. Deposit level of the bank as on MAR 31, 2011 is Rs. 13,809 Crores, which pronounces the confidence of the public reposed on the bank. TMB earns HIGH level of profit which enable it to sustain the high level of reserve base. The Profitability trend continues TILL date. Tamilnad Mercantile Bank Ltd., is one of the very few banks having very high reserve base and its earnings per share remains the highest.

Answer»

Tamilnad Mercantile Bank is putting lot of efforts to extend banking services to the common people of rural areas. Growth of deposit has increased since 1921. It had a deposit base of Rs. 21,010.00 in the year 1921 increased it to Rs. 27 Lakhs during 1946 and to Rs. 182 Lakhs during 1971. Deposit level of the bank as on MAR 31, 2011 is Rs. 13,809 Crores, which pronounces the confidence of the public reposed on the bank.
TMB earns HIGH level of profit which enable it to sustain the high level of reserve base. The Profitability trend continues TILL date.
Tamilnad Mercantile Bank Ltd., is one of the very few banks having very high reserve base and its earnings per share remains the highest.

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